Catastrophe insurance backed by catastrophe bonds are part of the...
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Willis launches Data Centre Practice in Asia
The Data Centre sector in Asia is experiencing unprecedented...
Super Typhoon Fung-wong slams into Philippines, two dead
The typhoon could cover two-thirds of the Southeast Asian...
2nd death from Nipah infection in Kerala, Nearly 151 people monitored for any symptoms
Parts of Kerala are among those most at risk globally for outbreaks of the virus, a Reuters investigation showed last year. Nipah, which comes from fruit bats and animals such as pigs, can cause a lethal, brain-swelling fever in humans A 24-year-old student has died...
Sustainable water management needs to be everybody’s business Jal Shakti ministry official
New Delhi: Achieving sustainable water management cannot be done by governments alone, a senior Jal Shakti ministry official said on Monday while emphasising the need for cooperation from industries, academia and civil society on the matter. A day ahead of the start...
Covid-19 continues cause excess mortality in US and UK, says Swiss Re
Report suggests potential excess mortality in the general population of up to 3% for the US by 2033 and 2.5% in the UK, the longest period of elevated peacetime excess mortality in the US. Key driver of excess mortality is the lingering impact of COVID-19; both as a...
Strongest typhoon since 1949 hits Shanghai and knocks out power to some homes
Typhoon Yagi hit China’s southern Hainan island earlier this month and has caused devastation in Southeast Asia. In Myanmar, Yagi caused at least 74 deaths with dozens missing. Four deaths were reported in Hainan, at least 10 have died in Thailand and 20 in the...
90% of financial institutions focus on AI, GenAI for innovation: PwC India
"Collaborative innovation is now seen as a key driver for fintechs, enabling faster speed-to-market and delivering tangible benefits like new product offerings, increased productivity, and reduced operational costs," said Vivek Belgavi, Partner and Leader - Fintech,...
India’s household debts surge on back of housing loans, rising trend of unsecured lending
As per the report, as of FY23, India's household debt has reached 38 per cent of GDP, reflecting a growing trend in household leverage. The report noted that the household debt is linked to real estate, such as homes and properties and it is driven by investment...
Tech companies commit to fighting harmful AI sexual imagery by curbing nudity from datasets
In a deal brokered by the Biden administration, tech companies Adobe, Anthropic, Cohere, Microsoft and OpenAI said they would voluntarily commit to removing nude images from AI training datasets “when appropriate and depending on the purpose of the model.” WASHINGTON:...
India jumps to Tier 1 in Global Cybersecurity Index 2024
India topped the chart for adopting measures like legal, technical, capacity development and cooperation as areas of relative strength. Organisational measures was a listed as an area of potential growth for the country New Delhi: India has jumped to Tier 1 in the...
CCI probe finds Amazon, Walmart’s Flipkart breached antitrust laws
The investigation's findings are the latest setback for Amazon and Flipkart in a country where they continue to face criticism for their business practices from smaller retailers, who say their businesses have suffered in recent years due to deep discounts offered...
Marsh looks for a new president for its Broking vertical in India
It is reliably learnt that the company is keen to have an insider from the Indian insurance industry to be appointed as a president of Marsh India Insurance Brokers and has hired a headhunter for the exercise Singapore: US based Marsh McLennan, the largest...